End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Req 1 Company 1 Company 2 $5,000 44,250 $3,000 59,000 4,000 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company. Req 2A Complete this question by entering your answers in the tabs below. 41,250 30,000 50,000 80,000 800 Req 2B Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is a manufacturer? Which of these company is a merchandiser? Req 1 Req 2A >

End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Req 1 Company 1 Company 2 $5,000 44,250 $3,000 59,000 4,000 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company. Req 2A Complete this question by entering your answers in the tabs below. 41,250 30,000 50,000 80,000 800 Req 2B Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is a manufacturer? Which of these company is a merchandiser? Req 1 Req 2A >

Name: End-of-year current assets for two different companies follow. One is
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Description: End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, SunriseFoods, is a merchandiser.CashAccountMerchandise inventoryRaw materials inventoryWork in process inventoryFinished

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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